Hollywood Police Officers' Pension Fund
June 30, 2003
Total Fund
		5 Year Return (p1)				5 Year Standard Deviation (p20)				Size		(p1)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2002		3.79	2.35	1.44		9.31	9.01	0.3		0.343		Original Amount	59,084
12/31/2002		3.88	2.9	0.98		9.45	9.31	0.14		0.49		Net Flows	2,821
3/31/2003		2.38	1.61	0.77		9.28	9.18	0.1		0.7		Gain/Loss	84,162
6/30/2003		3.28	2.98	0.3		9.45	9.52	-0.07		1
												Total	146,067
Inverness Equities
		5 Year Return (p43)				5 Year Standard Deviation (p51)				Size		(p43)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2002		0.54	-1.61	2.15		18.11	18	0.11		0.343		Original Amount	18,638
12/31/2002		0.82	-0.57	1.39		18.64	18.61	0.03		0.49		Net Flows	-12,658
3/31/2003		-1.83	-3.74	1.91		18.28	18.24	0.04		0.7		Gain/Loss	50,923
6/30/2003		-0.11	-1.62	1.51		18.61	18.65	-0.04		1
												Total	56,903
DHJ Total (Equity + Cash)
		Inception Return (p53)				Inception Standard Deviation (p59)				Size		(p53)
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2002		-15.51	-17.1	1.59		16.66	17.79	-1.13		0.343		Original Amount	10,795
12/31/2002		-12.51	-13.36	0.85		17.38	18.67	-1.29		0.49		Net Flows	10,660
3/31/2003		-12.04	-13.25	1.21		16.77	17.97	-1.2		0.7		Gain/Loss	-5,850
6/30/2003		-11.19	-11.12	-0.07		16.6	17.85	-1.25		1
												Total	15,605
Inverness Fixed Income
		5-Year Return (p23)				5-Year Standard Deviation (p31)				Size
		Fund	Policy	Ratio		Fund	Policy	Ratio
9/30/2002		7.79	7.75	0.04		3.26	3.26	0		0.343
12/31/2002		7.62	7.55	0.07		3.39	3.39	0		0.49
3/31/2003		7.62	7.55	0.07		3.4	3.41	-0.01		0.7
6/30/2003		7.86	7.74	0.12		3.47	3.52	-0.05		1